Monthly Archives: August 2017
SEC Uncovers Wide-Reaching Insider Trading Scheme
(HedgeCo.Net) The Securities and Exchange Commission today announced insider trading charges against seven individuals who generated millions in profits by trading on confidential information about dozens of impending mergers and acquisitions. Data analysis allowed the SEC’s enforcement staff to uncover […]
CTAs Show Signs of Recovery, Says Lyxor
(Hedgeweek) Recently released data on hedge fund flows confirm that investors are currently divesting from CTAs. As usual, outflows tend to track recent underperformance with a lag, which can be substantial at times. Between late August 2016 and late August […]
Bears Regain Control Of The Chicago Grain, Oilseed Market
(Reuters) After nearly seven weeks as bulls, speculators have turned bearish toward Chicago grain and oilseed futures and options as heavy inventory and largely non-threatening weather for U.S. crops keep the lid on prices. Hedge funds and other money managers […]
Pinebridge to Launch Mid-Market Direct Lending Business
(Opalesque) Three senior middle market professionals have joined PineBridge Investments (PineBridge) to launch its direct lending business, focusing primarily on US-based middle market companies seeking capital for growth, acquisitions, leveraged buyouts and recapitalizations. Jim Fisher, a middle market industry veteran, […]
AxiomSL Launches Regulatory Education Program for Asset Managers and Broker-Dealers
(Opalesque) AxiomSL, the leading global provider of regulatory reporting, risk and data management solutions, today announced the launch of a program designed to assist asset management firms and broker-dealers clarify issues related to the shifting regulatory environment.Components of the content-driven […]
Former P&G Exec: Why I Sided With Hedge Fund
(Cincinnati TV.com) Procter & Gamble’s former chief financial officer said it was time for the company to “do something different.” The consumer product giant’s former top financial executive explained why he joined forces with activist investor Nelson Peltz in a […]
Goldman: Pro Investors Are Beating The Market With These 11 Stocks
(CNBC) Goldman Sachs says the stocks most owned by hedge funds and mutual funds are soundly beating the market this year. The firm’s “Hedge Fund VIP” list and “Mutual Fund Overweight Positions” basket are up 18 percent and 16 percent […]
AllianzGI Taps MetLife’s Mahajan For U.S. Investment Strategy Role
(FINalternatives) Global active asset manager Allianz Global Investors has named former MetLife Investments executive Mona Mahajan as the company’s new U.S. investment strategist. To read this article:
Smallest Hedge Funds Will Be Quick to Drop Research Under MiFID
(Bloomberg) When hedge-fund manager Dario Sacchetti gets into work each morning, he’s met with an inbox filled with sell-side research reports. “We receive a lot — definitely more than 20 a day,” said the co-founder of London-based Anavio Capital Partners. […]
U.S. Equity Funds Post Longest Run of Outflows Since 2004
(Bloomberg) U.S. equity funds suffered their longest streak of outflows in 13 years as growing signs of political deadlock in Washington cast doubt on a rally that has taken the S&P 500 Index to record highs. Investors pulled $2.6 billion […]
Muni Bond Issuer and Underwriter Charged With Disclosure Failures
(HedgeCo.Net) The Securities and Exchange Commission today announced that a municipal financing authority in Beaumont, California, and its then-executive director have agreed to settle charges that they made false statements about prior compliance with continuing disclosure obligations in five bond […]
Harvey Throws a Wrench Into U.S. Energy Engine
(Reuters) A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks…Harvey hit the Texas shore as a fierce Category 4 hurricane, causing massive flooding that has knocked out 11 […]